IGF Offers Online Crop Insurance Quoting Service

July 31, 2000

WebQuote users are guided through a step-by-step process that lets them select the insurance plans they are considering for crops in their local area or anywhere in the United States. The new online quoting system is capable of providing premium quotes, at multiple coverage levels, on an individual unit basis.

With WebQuote, online users can specify the plans and programs they want to compare, as well as print and save quotes to a confidential file for future reference. WebQuote supports all standard crops and plans, including yield-based plans like Actual Production History (APH) and revenue-based plans like Crop Revenue Coverage (CRC) and Revenue Assurance (RA). The ability to quote a specific crop and plan is based on the availability of rates, factors and prices as filed by the Federal Crop Insurance Corporation (FCIC).

The first filing for the 2001 reinsurance year was April 30, 2000. This filing includes, but is not limited to, the California raisin and sugar beet crops and the Florida fresh market sweet corn crop. Support for adding hail coverage to a quote will be available in spring 2001, as rates are approved for each state.

Topics Agribusiness

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